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<br /> candemnAdon rn atAcr uldn�of any p+ut of�ho Propeny.cx for coovoy�rx�o in lieu ot'ccMdemnwtiun.w�c hereby�i�ned and
<br /> � ,.. tlwll bo puid ro l.�:nJer.
<br /> — �—�. In !he rvent of� lutol tuking oF Ihe 1'ropcny, the pracerds SIIAII I1C A�IIC� 1�7 IIiO �um� Kc�vr�Kl by li�in Sca:urity -
<br /> + Inr�rumem,whrther nr n�u Ihen ciur. with uny exccsr puiJ t�►Burruwcr. In thc evrm ��P u purtiul tuking of the Prupeny in
<br /> — which thc fair morke�vabe�f�he Pruperty immediutrly bef��ro�hr�uking iR eyuul t��ur gRU�cr thun ihc umiwnt af�he suma
<br /> securcd hy thir Srcurhy InKlrumcnt immcdlutcly hefnre�hc taking,unle�.r Bomawer und Lcnclrr othenvi+�c ugrce in w�Nng,
<br /> - � -'r `'---" tl►�hun�s nc�w��d by�hi,�:curity Inhbwucul til�ull bc reduced by thc amount of the pnxeMlK muiriplied hy the f'ollrnving
<br /> � f�ucti�►n: (u)�hc total nmoum ai'�he s�um�secu�d immediotely hefom Ihc taking,dividcd by Ih)�hc fair murket valuu of the
<br /> �±^-� � Pm�pcny immcdlatcly bcfore�he wking. Any buluncc shall be puid tu Barruwcr. In�he event of u pwtiul wking of the
<br /> �=• PropeAy in which ihe falr markct vulu�ol'Ihe Nroperly immcdiutely bef'�rc the tuking ix icvv thun thc umount aF tho xums
<br /> _ ___ becurcd Immedintely beforc �he �alcinR,unless Borwwer unJ Lendcr ahcrwlse agmc In writing or unlc�x upplicable law
<br /> - � otherwiFe pruvidea.�hc proceedx slwl)6e upplicJ to Ihe sums xecured by Ihis Security Inxtn�menl whelhcr or not Ihe sumK ane
<br /> �hen due.
<br /> -�;�-- If the Praperty ia s�bandoned i+y Burcuwer,ur if,ufter�wtice by l.ender to Bormwer�hut ihe condemnor offe�x�o m�+ke
<br /> _��_�,_,_„�,�� an uwurd or r.eule u claim far damages,Borrowcr fuils to respond n►Lender wi�hin:�li duyK ofler Ihe date the notire is given.
<br /> -- Lender ia nuth�rized to collect nnd npply che prureedx,u1 it4��plian,eUher ta restorution or repair of the Praperty or ta the
<br /> xums Fecured by lhis Security InslNment,whethcr or not Ihen duc.
<br /> Unless Lender w►d Bormwer athenvire ugree in wr�ting,uny upplicotian of procecdx ta principal shnll not cxlend or
<br /> ��- poatpone thc due duto of ihe monlhly paymemx rcferrcd ia in purugiuph�1 und 2 or rhunge the umnunt of such paymen�s.
<br /> �..�..,.� U. Rorrower Not Releasedi Forbearnnce By I.ender Not a Waiver. Exten�:ion of the time for payment or
<br />__.._ _ �.___ . _ _ _� modification af umortizaflon of the sums secured by this Secu�ity Inatrument grnnted by L.ender to nny successor in intercst
<br /> — af Bormwer sholl aa aperate to release�he liubility uf the nriginal Horrower or Bom►werR guccessors ln intems[. Lender -
<br /> � shall not be required to commence praceedings uguinst uny successor in inte�est or refuse ro extend time for paymeN or
<br /> • ` � oiherwisc modify amartizution of thc sumti secured by this Security Instniment by rcazon of uny demand made by the original
<br /> ,,� � •" Borrower or Borrower's successors in interegt. Any for6earonce by Lender in exerci�ing any nght or remedy shull not be a
<br /> ��, ' � waiver af ar preclude the exercise of uny rlght or rcmedy.
<br /> < -:ac�u..1�.:��.�%r`� l2. Successora anA Asslg�a Bound;Joint and Several Liabillty;Co-aignere. The cavenants und ugreements of this
<br />.�-� �'',`� ' _ Security Insuument shall bind and benetit the succexsons und assigns of Lender and Barrower.aubject to tho provisions of
<br />_ nro, �'„".i •.' parugruph 17. Borrower4 covenwus and ugreement+ hhull be joint and severol. Any Barrower who co-signs this Secudty
<br /> ���
<br /> �'� ;'�'-''�.a"<, Instrument but does not exerute�he Note: (u)i�casigning ihis Security Inslrument only to mortguge,gront and canvey Ihot
<br /> ° Borrower�v interext in the Propeny undcr 1he terms of this Securiry Instrument; (b)is not personully obliguted to pay the sums
<br />;y ' ��r,;,=.�;,,,,' , �:;';� secured by this Secudty Instrument;und(c)ugree�that Lender und any other Borrower muy ugree ta extend,madify,forbeu�
<br />-�,;, ;. °•�•'' %'' '� or muke uny uccomm�tionc wi�h regurd ta the lerms of this 5ecurity Insuument a the Note withour that Bormwer's
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<br /> , ��r,�,�:.:..;:•;: .:'�:�= CO!!°.t!![.
<br /> • , . , . 13. Loan Cha�es. li the loun secu�ed by thi� Security Instrumenl is subject �o u luw which set4 muximum loan
<br />':6 ., .:•.> � chargex,und thut Inw i�finully interprcted so thut the inlerest or olher loun chargex collected or to be cullected in connection
<br /> . r;.,,.:��;;,- : � with the loun exceed the permitted lirnits,then: (u)uny such loun charge shull he reduced by the amount necessary to reduce
<br /> the churge to the permitted I�mit;nnd(b)ony xumx ulreudy collected Gom Borrower which exceeded permitted limits will be
<br />• . . .. .. � refunded to Borcower. Lender may chooxc to muke this rcfund by reducing the principal owed under the Note or by mnking u
<br /> ' ., " direct ps►yment to BaROwer. If n ret'und reduces principal,the reduclion will be treated as u p•rrtiul prepuyment withaut any
<br /> � prepayment charge underthe Natc.
<br /> , `"�"���"' , .. 14. Notkes. Any notice to Borrowcr provided for in this Security Instrument shnll be given by deliverin� it or by
<br /> � � mailing it by first class mail unle.r•s applicuHle luw require,use of nnother method.The nwice sholl be directed io the Propeny
<br /> °""' "`':"'1"'='`' � '�'' " Address or any other address Borrower designutes by notice�o Lender. Any notice to Lender shull be given by first clusx
<br /> � �t, �� mail to Lender's uddrc�s stutcd hemin or any othcr address l.ender designulcx by notice to Borrowcr. Any notice provided far
<br /> �°"� in thi� Sccurit Inslrurncnt :,hall Ix: deemed to have been i�en to Borcower or Lender when iven av rovided in thic
<br /> �4_ �. _.: �_' f�- y s � s r
<br /> � �.� � � , Puragraph.
<br /> ���` �• IS. Governing l.aw; Severabllity. 7'his Security Ins�rument �hnll be govcrncd by federal law and Ihc luw of the
<br /> '��'��""��`'r�" � . jurisdiction in which the Property is lacu�ed. In Ihe evrnt that any provitiion or cluu�e of Ihis Security Instrument or the Note
<br /> , �.�:-�<<• _
<br /> -�����- conflictx with upplicable luw,such ronFlict�hull not uffect other provitiions of this Security In,trument or the Note which cnn _
<br /> �o ,•:,"r,�~ '� �� be given effect without ihe conflicting provision. To �his end the pmvixions of this Securi�y Instrument and the Note are
<br /> '�" , '.'.; � declared to he severable.
<br /> ,� �� 16. Borrower's Gapy. Barrowcr xhull be Riven one confomicJ ropy of the Notc and of�his Security Intilrument.
<br /> � ���� ' ����" 17. 'I�ansPer of the Property or a Beneticial Interest in Burrower. If ull or any part of thc PropeAy ur�ny interest in
<br /> � • �'�' • � �.• it is sold or transfemed (or if u hcncficiul intercxt in Bormwcr is sold or trunsFernd und Borrower is not u natural personl
<br /> ''�,,. c`�'�'��''° ^ `' '� without Lender's•prior wrincn consrrn.Lendcr muy,ut its nplion,reyuire imn�rdiute pvymem in full of ull sums sccured by
<br /> , •�'' - .°'�,�',,.-�� ' ' ? °� �this Security Inslrumcnt. However,this option xhull not be exerci�eJ by I.cnder if exercix ix prohibi�ed by federnl luw us of
<br /> �'' ` >:� •. •• the date of this Security Intitrument.
<br /> � �,.. � If Lender exereise�ihis option, Lendcr xhull give Borrowrr noticr of ucrelerutirn�. Thc notice ,hall provide u pericxl of
<br /> ' �:�.;:. ..•. •' not less than 30 duyx fr�m the du�e the notice is delivered or nwiled wi�hin whirh BoROwer mu�t pay all�ums,ecured by�his
<br /> . •�� �5ecuriry Instrument. If Borrowcr fuik to puy thcsc sum. prior lo thc cxpirution of Ihiti periad, Lender may invoke any
<br /> _. � remedics permitted hy thic Security Instrument withaut funher no�icr or Jem:�nd on Burrower.
<br /> IS. Borrower's R1Rht to Reinstute. If Borruwrr mcets cenain rimdilirni+. B�xrowcr .hall huvc the right to huvc
<br /> �' � • enforeement ot'this Security Instrumcnt Ji.cimtinucJ al any limr prinr�o�hr curlirr ot': (a)S days(or such other period ux
<br /> SinFlc Frmily--Fonnk Mue/t�eddle 11uc UNIF(IR�1 IN17'RU1IF.M1T•-Unilnm�Covennm. 9/9p ��wH,•a,�/n�wx�si
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